Oil Prices Rebound on Fed Cut, Geopolitical Tensions

Oil prices surge as global markets rally, despite ongoing supply concerns. The Federal Reserves interest rate cut and positive economic outlook boost investor confidence, driving up Brent crude and West Texas Intermediate. However, analysts warn that the fundamental oil surplus remains, and geopolitical tensions, such as new US sanctions on Venezuela, may only add a temporary headline risk premium to prices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.